Food Truck Trends Are on the Move

// June 6, 2019
Reading Time: 3 minutes

The food industry is growing rapidly throughout the U.S. Many people dream of opening their own restaurant to serve their creative dishes to the public, and one way these self-starters achieve their goal is by first opening a food truck or serving food from a cart.

In fact, the value of the U.S. food truck industry is expected to reach almost $1 billion by the year 2020, according to Statista.

Starting a successful mobile food business requires establishing a customer base. What better way to establish loyal customers than to serve them at their favorite hangout spots? Whether it’s selling hot dogs from a cart at a local baseball game or setting up a taco truck at a concert, these new ventures are more popular than ever.

The characteristics prevalent to these unique exposures require careful risk management. Although mobile food businesses do not have the traditional brick and mortar risk exposure, there are many other important factors for your insureds to consider when starting a stand or a food truck.

Take the following claims as examples:

  • A vending cart was put away for the evening. The next day, the owner discovered the cart had been stolen during the night. The owner had to spend $15,000 on a new cart and equipment.
  • A customer bought a hot dog from a stand. While eating the hot dog, the customer chipped a tooth on something hard inside the hot dog and incurred $700 in medical expenses and $6,000 in corrective dental expenses.

With the rising trend of hosting outdoor activities during the summer months, it is critical for your concessionaires, vendors, seasonal lots, and mobile food trucks selling either food or merchandise to have the appropriate coverage for the risks they face. We can accommodate both indoor and outdoor vendors who regularly operate from one location or multiple locations.

Key product advantages available for mobile trucks under our Concessionaires and Vendors product include:

  • Primary limits available up to $2 million occurrence/$3 million aggregate on eligible classes
  • Ability to add blanket additional insured, primary/non-contributory, and transfer of rights
  • Inland marine coverage up to $35,000 per item with a maximum limit of $500,000 per policy, and blanket limits available for miscellaneous equipment
  • Defense costs are provided outside the limits

With quotes available online, over the phone or through your USLI underwriter, it is easy to take advantage of our minimum premiums and ease of doing business on your mobile food or merchandise risks.

For more information or a quote, please contact your Commercial Lines underwriter.


As always, thank you for your support and business.

Contact Rebecca Strehle
Assistant Vice President, Underwriter, Product Leader | 888-523-5545, ext. 2839

Contact Jessica Kern
Assistant Vice President, Underwriter, Assistant Product Leader | 888-523-5545, ext. 7327

Written by Jacob Dawson
June 6, 2019